Oak Hill Capital Partners has closed its buy of Berlin Packaging from Investcorp. No financial terms were disclosed although earlier reports pegged the amount at $1.43 billion. As a result of the transaction, Berlin Packaging CEO Andrew Berlin retains a “significant” ownership stake in the company. He and the firm’s current management will continue to lead the business. Berlin Packaging supplies packaging products in North America.

Oak Hill Capital Partners has agreed to acquire Berlin Packaging, which supplies packaging products in North America, for $1.43 billion. Oak Hill has agreed to buy the company from Investcorp. The deal, subject to closing conditions, is expected to close in the third quarter.

Berlin Packaging, a portfolio company of Investcorp, has completed its acquisition of All-Pak, a Pittsburgh-based packaging supplier. No financial terms were disclosed. The combined company is expected to have annual revenue of nearly $500 million.

Berlin Packaging, a portfolio company of Investcorp, has agreed to acquire All-Pak, a Pittsburgh-based packaging supplier. No financial terms were disclosed. The combined company is expected to have annual revenue of nearly $500 million.